Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.12.035 |
Biofuels policies and fuel demand elasticities in Brazil | |
Cardoso, Leonardo C. B.1; Bittencourt, Mauricio V. L.2; Litt, Wade H.3; Irwin, Elena G.3 | |
2019-05-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 128页码:296-305 |
文章类型 | Article |
语种 | 英语 |
国家 | Brazil; USA |
英文摘要 | Biofuels are often seen by policymalcers as solutions to concerns about the environment, energy diversification, and rural development. To understand the impacts of biofuel policy, however, it is important to understand demand elasticities. Brazil, a leader in biofuels, provides a unique setting to increase our knowledge about biofuel policy and the interactions within and between the gasoline and ethanol markets. We estimate own-price, cross-price, and income elasticities of the demand for ethanol and gasoline using a novel instrumental variable approach to control for the inherent endogeneity between supply and demand. This results in own-price elasticities for both fuels higher than previous literature suggests: approximately -0.9 for gasoline and -1.5 for ethanol. Income elasticities for both fuels are approximately 0.8. We also examine the elasticity impacts following the introduction of flex-fuel cars into the Brazilian market. By estimating the model with over 100 subsamples across time, we find that cross-price elasticities become positive, significant, and increasing, but only after larger market penetration of flex-fuel cars, which occurred approximately three years after their introduction. |
英文关键词 | Ethanol Gasoline Demand Biofuels Instrumental Variables Endogeneity |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000463688800030 |
WOS关键词 | GASOLINE DEMAND ; ETHANOL |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/182735 |
专题 | 气候变化 |
作者单位 | 1.Fed Univ Vicosa DER UFV, Dept Rural Econ, Vicosa, MG, Brazil; 2.Univ Fed Parana PPGDE UFPR, Grad Studies Program Econ Dev, Curitiba, Parana, Brazil; 3.Ohio State Univ OSU AEDE, Dept Agr Environm & Dev Econ, Columbus, OH USA |
推荐引用方式 GB/T 7714 | Cardoso, Leonardo C. B.,Bittencourt, Mauricio V. L.,Litt, Wade H.,et al. Biofuels policies and fuel demand elasticities in Brazil[J]. ENERGY POLICY,2019,128:296-305. |
APA | Cardoso, Leonardo C. B.,Bittencourt, Mauricio V. L.,Litt, Wade H.,&Irwin, Elena G..(2019).Biofuels policies and fuel demand elasticities in Brazil.ENERGY POLICY,128,296-305. |
MLA | Cardoso, Leonardo C. B.,et al."Biofuels policies and fuel demand elasticities in Brazil".ENERGY POLICY 128(2019):296-305. |
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